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Find the selling price of an article (in ₹) if the cost price is ₹4,500 and gain is 5%.
Question

Find the selling price of an article (in ₹) if the cost price is ₹4,500 and gain is 5%.

A.

4,725

B.

5,527

C.

5,175

D.

4,657

Correct option is A

Given:

Cost Price (C.P.) = ₹4,500

Gain = 5%

Formula Used:

S.P. = C.P. ×(1+Gain%100)\times \left(1 + \frac{\text{Gain\%}}{100} \right)

Solution:

S.P. = 4500 ×(1+5100)\times \left(1 + \frac{5}{100} \right)

S.P. = 4500×1.05 \times 1.05

S.P. = ₹4,725

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